Mipharma: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Mipharma
Largest movements
- Receivables within one year +€14,968
up €14,968 (+46.8%), from €31,961 to €46,930
of which Other amounts receivable: +€13,188
- Other debts +€100,000
up €100,000 (+250%), from €40,000 to €140,000
- Profit (loss) carried forward -€60,909
down €60,909 (-19.8%), from €308,087 to €247,178
- Debts after one year -€31,541
down €31,541 (-3.5%), from €890,451 to €858,910
of which Financial debts: -€90,885
- Gross operating margin -€33,692
down €33,692 (-36.5%), from €92,398 to €58,706
- Taxes -€7,006
down €7,006 (-43.0%), from €16,311 to €9,304
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,346,479 | €1,369,057 | +€22,579 | +1.7% |
| Fixed assets | 21/28 | €1,310,587 | €1,310,587 | = | 0.0% |
| Financial fixed assets | 28 | €1,310,587 | €1,310,587 | = | 0.0% |
| Current assets | 29/58 | €35,892 | €58,470 | +€22,579 | +62.9% |
| Amounts receivable within one year | 40/41 | €31,961 | €46,930 | +€14,968 | +46.8% |
| Trade receivables | 40 | €22,180 | €23,960 | +€1,780 | +8.0% |
| Other amounts receivable | 41 | €9,781 | €22,970 | +€13,188 | +135% |
| Cash at bank and in hand | 54/58 | €3,296 | €10,906 | +€7,610 | +231% |
| Deferred charges and accrued income | 490/1 | €634 | €634 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,346,479 | €1,369,057 | +€22,579 | +1.7% |
| Equity | 10/15 | €328,547 | €267,638 | -€60,909 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,087 | €247,178 | -€60,909 | -19.8% |
| Amounts payable | 17/49 | €1,017,932 | €1,101,420 | +€83,488 | +8.2% |
| Amounts payable after more than one year | 17 | €890,451 | €858,910 | -€31,541 | -3.5% |
| Financial debts | 170/4 | €786,074 | €695,189 | -€90,885 | -11.6% |
| Other amounts payable | 178/9 | €104,377 | €163,721 | +€59,344 | +56.9% |
| Amounts payable within one year | 42/48 | €124,565 | €239,594 | +€115,029 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €78,156 | €85,957 | +€7,801 | +10.0% |
| Trade debts | 44 | €821 | €1,757 | +€936 | +114% |
| Suppliers | 440/4 | €821 | €1,757 | +€936 | +114% |
| Taxes, remuneration and social security | 45 | €5,588 | €11,880 | +€6,292 | +113% |
| Taxes | 450/3 | €5,588 | €11,880 | +€6,292 | +113% |
| Other amounts payable | 47/48 | €40,000 | €140,000 | +€100,000 | +250% |
| Accrued charges and deferred income | 492/3 | €2,916 | €2,916 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | -€436 | -€436 | |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | €92,398 | €58,706 | -€33,692 | -36.5% |
| Operating profit (loss) | 9901 | €91,323 | €58,049 | -€33,274 | -36.4% |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €9,770 | €9,683 | -€87 | -0.9% |
| Recurring financial charges | 65 | €9,770 | €9,683 | -€87 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €81,553 | €48,395 | -€33,158 | -40.7% |
| Income taxes | 67/77 | €16,311 | €9,304 | -€7,006 | -43.0% |
| Profit (loss) for the period | 9904 | €65,242 | €39,091 | -€26,151 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,242 | €39,091 | -€26,151 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.